09-15-2009
• National Legal and Policy Center
The New York Times has identified you as President Obama’s “favorite banker.”
I pointed out in my letter:
JPMorgan Chase’s support for ACORN and/or its affiliates would violate its own policies. According to the JPMorgan Chase website, support is precluded to “programs designed to promote religious or political doctrines.”
ACORN and its affiliates have a very definite political doctrine. It is to undermine democracy and smash capitalism.
Videotapes made at ACORN offices in New York City and Washington, DC suggest that the Baltimore episode was not an isolated event. Even before these incidents, ACORN and its affiliates were accused of voter registration fraud in 14 states. On July 23, Representative Darrell Issa, Ranking Minority Member of the House Committee on Oversight and Government Reform, released an 88-page report concluding that ACORN “has repeatedly and deliberately engaged in systemic fraud.”
ACORN has also been plagued with an internal financial scandal. Dale Rathke, brother of ACORN founder Wade Rathke, embezzled nearly $1 million. He was removed from the ACORN board only after the matter became public several years later.
With the public outraged at the excess and corruption on Wall Street, ACORN is the last group that JPMorgan Chase should be supporting. It is time for Jamie Dimon to act.